Question

Drag each credit plan to its description.

revolving credit

installment account

charge card

Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.



Borrowers have to make regular payments under fixed terms.



Consumers can shop using credit at specific locations.





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Answer 1

Revolving credit is when borrowers have a fixed credit line that is replenished as the outstanding balance is paid off. An installment account requires borrowers to make regular payments under fixed terms. A charge card allows consumers to shop using credit at specific locations.

Step-by-step explanation:

1. Revolving credit: Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.
2. Installment account: Borrowers have to make regular payments under fixed terms.
3. Charge card: Consumers can shop using credit at specific locations.

Answer 2

Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off. -Revolting Credit

Consumers can shop using credit at specific locations. -Charge Card

Borrowers have to make regular payments under fixed terms. -Installment Account

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